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in the obama administration. >> senator kerrey, you have been in politics all these years. what is the vehemence about? is it the sense he's just too much to the left of the right wing? what is the new standard for middle east politics in being secretary of defense for the united states? >> well, that's a good question. i think it's going to be proven in his testimony that he's a very strong supporter of the united states being a strong ally of israel. i mean, that's really the bottom line. are you willing to be an ally of israel, yes or no, and he's going to answer emphatically yes. his votes and his record confirm that. does he have disagreements from time to time with the prime minister of israel? the answer is yes. but, you know, i have disagreements from time to time with the president of the united states but that doesn't mean i don't support the united states of america. so, i mean, i think the representations that he's going to be terrible for israel i just think is wrong. and i think when he gets before the armed services committee, i think he's going to press the ameri
the exact opposite effect. the latest battle lines as the obama administration moves to curb the availability of assault weapons. >>> let me finish with why this nomination of chuck hagel should be given a solid, solid chance, and this is "hardball," the place for politics, >>> hillary y at the doctor's office when they weigh you, and they have to move it over? my doctor does not have to do that anymore. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. feels great. [ male announcer ] simple. effective. take that, 50 pound thingy. let's fight fat with alli. learn more, lose more at gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her likes 50% more cash, but i have an idea. do you want a princess dress? yes. cupcakes? yes. do you want an etch-a-sketch? yes! do you want 50% more cash? no. you got talent. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you
credibility with kind of average americans so, if the obama administration could get them onboard with some sort of gun control and they would call it common sense, of course, gun control. that would be huge. it's unclear whether or not that is going to happen, but i think it's very likely that's what the white house hopes to do. >> you wrote -- you wrote in your piece on this. walmart cooperated with michael bloomberg. bloomberg is a gun hater. he wants to control all guns, i believe he wants to ban all guns. i wasn't really sure. walmart's not going to ban all guns. the administration's not going to ask him to do that. >> you're right. absolutely right. walmart is thought of as this conservative company. but as you know, larry, big business tends to benefit from regulation. and, in fact, walmart already complies with bloomberg's. he has this thing where walmart is already voluntarily complying with onerous regulations voluntarily. so if they were -- let's just pie in the sky here. let's say they came out in favor of closing the gun loophole. that means i couldn't sell you a gun, for examp
on capitol hill to his work with the clinton and obama administrations. what we did not point out was his brief stint at citigroup. not something he often talks about. from 2006-2009 he ran the alternative investment arm. that division made its profits from shorting the housing market , betting against homeowners like me and you. while he was citigroup they took in 45 billion from taxpayers under t.a.r.p. two weeks before he left to join the obama administration he took, bonus. before citigroup payback taxpayers, and it was not too shabby, nearly a million. so more than just a politician and lawyer. he was a banker who took money from taxpayers and that against them in return. that is the whole story. his signature is gaining attention. even the president could not help taking a swipe at his questionable. >> he is going to work to make at least one letter legible in order not to debase our currency. should he be confirmed as secretary of the treasury. gerri: if confirmed, how will he stack up against other treasury secretary's? with more on this, handwriting analyst kathy midnight. welcom
? >> rosa brooks has written about this. it's called no girls allowed, and why the obama administration needs hormone therapy. rosa brooks is a national security law professor at georgetown. she spent two years working for michelle flournoy at the pentagon. great to see you. thanks for your time. >> glad to be here, rachel. >> in terms of the raw numbers, the obama administration is roughly equivalent to the clinton administration in terms of female appointees. it is doing better than the bush administration. but you feel like they're worthy of some criticism on this subject? >> oh, i hold president obama to a pretty high standard. i would like to think after the eight years of the bush administration, we could do a little better than the clinton administration, not just go back to the clinton administration. although i have to say, if i were valerie jarrett and i were about to go off the fiscal cliff, i would hide behind jay carney too. >> on the issue of michelle flournoy, you're not totally objecting on this. she is highly regarded in washington, not just by you, but by pretty much e
sending for years on this. the obama administration has been pretty tough on iran behind the scenes. hagel has been consistent himself, saying look, we cannot allow a nuclear iran, war should not be our first choice, and that also is consistent with the president. the president began by thinking perhaps he could negotiate more with ahmadinejad than has proven to be the case. he's evolved on this issue. my guess is chuck hagel as secretary of defense will reflect that evolution. >> there's one other thing i want to ask you each about. this is relevant -- well, we'll ask you whether you think it's relevant in terms of timing. in terms of topic i think this is relevant. the number of sexual assaults in the military each year is about 19,000. it is a serious issue. there are women in the military now and in 1996, when running for senate, the literature from chuck hagel reportedly said quote, i am pro-life with one exception, the life of the mother. now, who knows, people agree and disagree with that. i'm simply curious about democrats are not noticing that, talking about that. >> first, i thin
cameron has more. >> guns and ammunition flying out the doors nationwide as the obama administration consummate wraps up. >> people are just scared. that they could not buy them. they thought about getting them now they decided is the time. >> background checks were 2.7 billion and 19 million during 2012. the united -- white house wants to eliminate background checks and restrict high-capacity magazines. >> i agree with the large capacity magazines. >> over the last 20 days the nra says one of a dozen people joined out of fear of new debt restrictions. they suspect of four-point to million membership will balloon up to 5 million. and they have declared dead national debt appreciation day for people to rally with signs that say hands off my guns. guns rates groups active donating over $20 million to causes. gun-control -- contributed less than any time in 20 years. $4,000 total. the white house tries to level the playing field by tapping richest -- religious leaders, community leaders and teachers for a town hall rally like the campaign. mayor bloomberg reports 500 on negative board i
. there is different variations whether it was directly an obama administration plot or agents loosely tied with the liberal movement or even george soros. the common thread is that the tragedy was a false flag operation in order to make the country willing to give up their guns. in other words, this tragedy would happen and then we would have a discussion about gun control as we are now and then this would lay the ground work for the government to come in and take guns for some kind of future tyranical regime. >> the internet has allowed this stuff to ignite in a way never has. there have always been conspiracy theories. this has allowed more isolated people to find each other, right sf. >> absolutely. one of the chapters in my book i talk about how the internet has turbo charged the conspiracy movement. the big challenge used to be getting the word out. now, they don't try going to the mainstream media but they publish it on their website and can create their own echo chambers of paranoid individuals that share the same distress. the majority of the sandy hook revolve around gun control b
an obama administration plot or agents loosely tied with the liberal movement or george soros. the common thread is that the tragedy was a false flag operation to make the country give up their guns. in other words, this tragedy would happen and we would have a discussion about gun control as we are now. then they would lay the ground work for the government to take guns. possibly for some kind of future tyranical regime. >> the internet allowed all this stuff to kind of ignite in a way that it never has. there also conspiracy theories. this is a lo this allowed more people to find each other. >> the internet turbo charged the movement because the big challenge for conspiracy theorists used to be getting the word out. respectable journalists wouldn't touch their stories. they wouldn't bother, but publish it on their website and they create paranoid individual who is share the same distress. just to correct something, it is true that the majority of the theories revolve around gun control. they believe it is an israeli and iranian controlled. >> how do the israelis get involved in this? >>
of obama care is administrative. it is just the grinding details of administrative government. >> building it essentially. >> but the other thing is the republicans are going to twri to attack medicaid, chris, and medicare, but medicaid in particular. if they drain and slash funding for medicaid in the regular budget negotiations that chuck is talking about, that will make implementing obama care that much harder because a lot of the money to expand coverage for the uninsured comes from medicaid. >> okay. i think immigration is my biggie for this year. >> that's the legacy thing for him. >> that's easy to do. >> i think so, too. i have never understood why it's so hard to do immigration. >> but it is now easy to do. now it's easy. that's right. now it's easier. look, deals don't get done in washington unless there is political benefit for both sides. >> right. >> and on immigration republicans know they have to get it done. it will get done. that's the easiest thing on the president's agenda. >> let them put the teeth in it, get the issue off their back where they want it off their back so
east and continue to project american power. do you view it that way? >> the first obama administration was also not an administration saying let's go find some place to bomb. neither, for that matter, was president bush's eight years. we fought the wards that we felt were necessary. president bush worked hard to try to solve other problems through diplomatic means. and so i think it's a little too stark to make this kind of characterization. i, as you well know, always believed that we should try to avoid war. we should be willing to talk to friends and willing to talk to enemies. and try to find a solution that's peaceful. but when do you find it is necessary to use military force, use it with a clear political objective in mind and use it for a decisive result. that's the kind of attitude that chuck haiglogical bring to the equation. we will be careful. he will give the president his best advice on the use or non-use of military force, how to solve the problem diplomatically. i'm sure he will be a great companion with can any that regard. it's a good team. i think it's a very,
and they said the obama and clinton administration had 43% compared to the bush administration which had a 33% rate. so obviously things for women are improving. >> that's what they say. and there's another picture that ran in the "new york times" todays. i'm not sure if we have it but there's a picture -- there it is. there's a picture that ran in the "new york times" today. again, another visual that the white house doesn't like. if you look closely, wolf, there's a leg there in front of the president's desk and that's valerie's leg. that's a really important leg because she's a key adviser to the president. she has his ear and she is the first among equals in many circles. so that is a visual they didn't like but they point out valerie jarrett in that picture. to me the question is, do they listen to the women? they have. we have some evidence that they do and we have some evidence that they haven't. >> i know the president listens to valerie jarrett. you can argue she alone is worth four or five of those men. >> that's what bothers them, by the way. >> she has a lot of influence. she's ve
has been budget director in both the obama and clinton administrations. he will pray a major role of course in negotiations over the debt ceiling and potential spending cuts. the president will make his announcement at 1:30 eastern. it's an event in the east room at the white house. i have to say off the bat just because he's a forest hills guy like me that i, you know, may be a little affinity, we grew up in the same town. >> that alone could be good. >> different generation. >> maybe a technocrat is what's necessary. no one tells me this guy is acrimonious. the talks may have been. but when we're trying to figure out what to cut, maybe you just need a guy who knows his way around the budget as opposed to a federal reserve guy. i thought tim geithner did a great job, though, and i know i find myself in the minority on that, but he came to the rescue of the system in apparel husband time and i think he good a remarkable job. >> jack lew is well respected by both sides of the aisle. and also portrayed as chief tormenter to the republicans. bob woodward in his book quoted john boehn
, there is, at least the vast majority of them. whether it was directly an obama administration plot or agents loosely tied with the liberal movement. the common threat among all of these in order to make the country willing to give up their guns. in other words, this tragedy would happen and we would have a discussion about gun control as we are now and it would lay the groundwork for a future tie ran anythingal regime. >> the internet have allowed more isolated people to find each other, right? >> yeah, absolutely. one of the chapters of my book i talk about how the internet has turbo charged the conspiracy theory movement. the bill challenge used to be getting the worth out. now con spirp si theorists, they don't try to go to that. they can create their own echo chambers who all share the same -- if i correct something. it is true a majority of the sandy hook ideas say it happened around gun control. >> why would the -- how did the israelis get involved in this? . the idea is it's a stath operation. these are people who have identified evil in the universe. they think it's the jew
we have a problem, mr. president with all due respect. it's clear the obama administration is spending an enormous amount of one agency that specializes on n. abortion. this in a time when the national debt is crushing the american people. so that's wrong on many levels. we need a congressional investigation into the funding of planned parenthood. since the senate is controlled by democrats, we don't expect that body to cooperate in any investigation. we are asking members of the house to take a hard look at what could be, what could be a gross violation of federal law. we will let you know what congress people step up and agree to do that. and that's the memo. top story tonight opposing point of view with us christina page author of the book how the pro-choice movement saved america? so where am i going wrong here, ms. page? >> you are going wrong on accounting. you are going wrong the -- your assumptions of where this money is being spent. planned parenthood is a healthcare provider. a leading healthcare provider and provides primary healthcare services to millions of ame
friends at the daily caller point out, under the the obama administration, one out of four are on food stamps. and joining us, good to see you both. >> happy new year, sean. >> sean: you know, male, we have as have-- michael, we have never made it so that kids are born with $100,000 in debt and then, that doesn't even include entitlements, unfunded liabilities. we've never done this to our kids where one in four are on food stamps. you know, i say to cut one penny out of every dollar in the budget and people say we can't do that. why can't we live within our means? why is there no moral imperative to do that? >> i think that most people would say that food stamps is a good program, it works, it helps people survive in tough economic times, but we also have to keep in mind this spike actually occurred in 2008 when president bush was in-- >> i know you don't like to hear, but that's what the statistics say. >> sean: and four years and-- >> obviously the recession he inherited is still causing a problem with job creation, causing folks to be on food stamps. >> i am banning blaming bush on
. and that's precisely what the obama administration has done. quite effectively. >> the problem with that, general, is it was a bilateral sanctions put us in a position to be able to get unilateral sanctions. a lot of sanctions started as bilateral sanctions led by the united states, work that the u.s. treasury department did. and to extend those to countries and firms operating in other countries. this is theion with hagel's actually his question of judgment on some of these things. do i think, you know, is hagel, you're not going to hear me calling him soft on iran or soft on, you know, questions regarding israel. look at very specific issues that he has had to weigh in on and he's just been wrong on some very big questions, including the surge in afghanistan and the surge in iraq. >> i think that when you look at the sanctions, for example, i don't think it's a problem he voted toward unilateral u.s. sanctions. sanctions don't have to start out as unilateral. that's a decision of the administration and a function of their leadership. the bush administration didn't have the leadership i
the obama administration and now he's got the treasury department, which is a serious agency. but not a left wing agency. hooest got to deal with g-20 bankers around the world. i don't think he can do it. >> these are guys you can trust with a $1 trillion coin in their pocket. >> i don't think i trust anyone -- >> we've got to do this platinum coin later. it's too much. but you guys hang with me for a while. mark, karen, guy, you're all coming back. >>> crisis, fear, and states of emergency. i'm not talking fiscal here, i'm talking about the flu. it's become a nationwide problem this year and one major city has just sounded the alarm bells. we have that story next up. ♪ you know my heart burns for you... ♪ i'm up next, but now i'm singing the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief it is! impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 7
's a loyalist inside the obama administration and in a place that values loyalty like a lot of white houses, and the question becomes does he have other critical qualifications that say wall street or the international banking and financial system would require, with the big question being, you know, if we were at a place where there was another financial crisis, how well would jack lew, as did robert ruben, hank paulsen and tim geithner do to instill confidence? >> steve, you were right on the money with the jack lew prediction. you and i had this conversation, but i just wonder, you know, there's this antagonistic relationship between the white house and business. >> right. >> there were a handful of business guys in the mix that wanted the job. larry fink. would it be sort of better as a perception from the market or perception of business to put a business guy in there to help the relationship, help the togetherness of business in washington so we actually get some job creation going? what's your take on this choice? >> i don't disagree with the signal that could have been sent had some
. these things aren't that hard. i can't for the life of me understand why the obama administration doesn't embrace the ideas and move forward. >> has this impacted the business climate, tom? what are you hearing from ceos and managers of businesses you're talking to. >> do you think we're done with the uncertainty? >> no. i think we still see -- well, when you hear people like speaker pelosi talking about increasing taxes even further, when we already raised taxes by i think a little over a trillion dollars, the notion of more tax increases scares people. by the way, when we talk about those we're forgetting about the medicare tax that came from obama care. we forget about the investment tax of 3.8% if you're in the real estate business. or the investment business. we forget about the fact we've taken now the fica reductions down. you can't suck that much out of the economy and expect the economy to thrive. >> well, that sort of rebounds back on miss tyson's point. let me play a sound bite from yesterday on the abc program this week from senator mcconnell. >> why aren't we trying to sett
budget already, okay? that is already happened under the obama administration. the defense budget is coming down. as we reduce the number troops in afghanistan, i think we need some presence there, for training and for counter terrorism operations but it is probably not going to be 66,000. those numbers, those dollar figures are going it come down. like i said, we've already cut half a trillion and they're talking about another half a trillion under sequester. so the defense department is also, something that is already taking a it had. we need to get entitlement and other programs under control and our spending under control. that is my view. melissa: all right. peter brookes, thanks so much. coming up on "money", we all want to save money although i'm not sure with everyone with the answers we're getting there. would you want to spend less for an iphone if you knew it was made with cheaper parts? doesn't that sort of defeat the purpose of having an iphone? i don't know. that is coming up next. >>> plus, say good-bye to one of these monopoly pieces. how players will determine e f
obama starting the process of filling jobs for his second administration. he's going to be nominating former republican senator chuck hagel for defense secretary coming this afternoon at an event in washington. he's also going to be topping john brennan as the next cia director. also in the news this morning, flowers, foods and mexico's groupo bimbo are among those vying for hostess brands. that's according to reuters. i said bimbo. is it bimbo? it's not bimbo. anyway, those brands, including wonder bread, baker's pride and butternut. the bankrupt company liquidating and the bread brands could bring in more than $350 million. of course we all want twinkies so that could be a good thing. finally a key hurdle has been cleared as american airlines and us airways finally explore a emergencier. us airways pilots have backed a proposal by american's pilots union. and those details about the two groups would be combined in the event a deal was struck, a bankrupt american is expected to consider the merger proposal at a board meeting this week. so we might have a deal finally. or at least we'
for getting out of kyoto. the obama administration is not happy with that. stuart: some socialists in france are having second thoughts about the tax rate of 75%. what? we will discuss in a moment. [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serus allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening. if you have a history of heart or blood vessel pr
the interest rate at a record low today. this comes as the obama administration delivers the message to britain saying you're special, but only special if you stay at the heart of the eu. they're under pressure to renegotiation the relationship with brussels. but the u.s. assistant secretary said such a plan would have major consequences. as chairman of the business in europe outlined on cnbc last night. >> we don't want to run the risk of trying to set the bar too high in the sense that there's some fantastic renegotiation we can have where we can cherry pick the bits we like, get rid of the bits we don't, because the chances of that happening are probably close to zero. so we don't want to see any risk in our membership. we want more reform by absolutely we do. we made that very clear in the letter. but we don't want to risk or membership because our membership is responsible for millions of jobs and underpins our future prosperity. >> so that debate is going to em. at the same time, david, you think the pound is going to come under pressure. it's a triple cocktail that's going to undermine i
've seen in the first term. in fact, many would say that the obama administration's foreign policy have been one of its most successful areas. he was long fit for this post, kerry, that is. >> you have set this up on raising the debt ceiling, wider agreement over getting any kind of grand bargain. where do we now go? he has his new team. >> not yet. they need to be confirmed. >> they need to be confirmed, obviously, but as we head towards a debt ceiling which has to be raised by the middle of february, effectively. >> there are quite a few new seens to do with the budget, continuing resolutions, sequestration only postponed. all of this is exactly what we expected at year-end. so the fiscal cliff was so 2012, 2013 is all about the budget. more or less, you've got the same actors in place making the decisions in congress and in the white house. jack lew is himself a washington insider. he's well known to congress and he's there to shepherd the process along. he's not got the wall street experience that a lot of people on the street might be hoping for. but he really knows how to move the
's legacy will loom large over the obama administration and the american economy for years to come. starting with his role as head of the new york federal reserve, he was pivotal is the rescue regime and the ugly glory. he's been a lightning rod for criticism and apparent unwillingness to hold wall street accountable for the financial crash. those choices have reprecushions to day for the millions of workers and borrowers. he rescued the giant aig was is appreciate fwhad company that aig is airing commercials thanking american people for their generous assistance. >> we're a leading global company in america. >> we paid every dollar america lent to us. >> everything plus a profit of more than $22 billion. >> for the american people. >> thank you, america. >> not everyone at aig, however, is to grateful. the company's former chairman hank greenberg is suing the federal government for making the terms of the bailout too restrictive. aig considered joining a lawsuit this week before declining. the suit and aig's resurgence after the rescue engineered by geithner are a reminder that we're all li
. the obama administration confirming to fox news' ed henry that in a few hours, president obama will unveil his new national security team. he's going to nominate chief counterterrorism advisor john brennan as the next c.i.a. director. president obama will also nominate chuck hagel, former senator for defense secretary, which has been criticized by democrats and republicans. democratic senator john kerrymif state. >>> today for the very first time we'll hear all the evidence against colorado movie massacre suspect james holmes. at his preliminary hearing, prosecutors expected to call dozens of witness. they will play the 911 calls and show video from inside the movie theater. the judge will then decide if the case should go to trial. why wouldn't it? holmes is accused of killing 12 people and injuring dozens more in the shooting last july. >>> secretary of state hillary clinton heading back to work today t. in a few hours, mrs. clinton will return to the state department. she was released five days ago from the hospital for treatment of a potentially life-threatening blood closet many lawma
risks for the obama administration, for the democrats in this gunfight. >> there are a lot of political risks. if gun control was easy, they would have done it a while ago. the assault weapons ban has not been renewed for eight years, wolf. it's been sitting out there. and i think in my conversations with administration officials, what they are going to come up with and that sort of echos what jim was saying, they are going to come up with what someone describes to me as a menu of options. the menu of options will include a ban on assault weapons and also include closing the gun show loophole, limiting purchases of the high-capacity magazines. so they are going to put those options out there he a there is attention inside the democratic party. do you make a huge push on assault weapons and hurt yourself on the other list or do you kind of ease up on assault weapons and maybe go after the magazine clips, which some people believe would be more effective. don't forget, there's a lot of history here and joe biden was the person managing the 1994 crime bill, which included the ban on assaul
't appeared that the obama administration or democrats really are acknowledging that so i've heard they're going to go right back to the well because they only got $600 billion in tax increases. they want, supposedly, $1.2 is the president coming down on his initial demand of $1.6 or whatever. so we need to -- we need to come back to the well on tax increases, and double down on what we already got. without -- and i'm not hearing anything about spending cuts. >> well, first, our problem is primarily a spending problem. >> you've heard what they said, though. >> what the truth is -- but the truth is we're going to have to have more revenues than this last deal. and by the way, the truth is also, you're not going to be able to confine it to people making over $200,000 and $250,000 a year. the numbers don't work. look, here's -- >> eamon just said -- >> why is that the case? you're saying it's a spending problem. and -- >> primarily a spending problem. here's what we need to do. look at all the deals that have been done. august, 2011. this fiscal cliff deal. whatever is done from this poin
house that will agree with everything that the obama administration wants, then we'll do that and we'll electric more democratic senators, the democrats can control the house, the senate and the white house and we'll give the president a rubber stamp on everything and washington will be totally fixed and we'll live in this great, great european country. so maybe it will go that way. but if it doesn't go that way and it's not washington, it's the people that send these representatives to washington who disagree with -- there's a 50/50 people split in this country of people who love entitlements because they're people on the receiving end and there's people on the other side who is funding everything. i don't know. i don't know whether it's a broken washington or we're just at a crossroads in the way the republic is governed and we have to make a decision as a country which way we head. >> right. that's definitely a lot of the ltage. there's still a lot of assets on the other side of the balance sheet of all those liabilities. you have to focus on growth. growth should be the -- you kn
, of the obama administration has been they don't really care about people with private -- >> you have a long way to go. >> i happen to think jack lew is qualified. look, he's been omb director twice. >> we haven't had a budget in three years. >> he's been chief of staff. he's extraordinarily familiar, we all know, with congress. if you think about the issues immediately ahead which are largely fiscal, he couldn't be better prepared. he has the confidence of the president. he's going to be smoothly confirmed. those are critical criteria. for example, you can't afford in this environment, both globally as well as relative to congress and fiscal cliff, too, you can't afford to nominate someone whose nomination is going to be hung up on the hill. you can't do that. >> former senator judd gregg i heard him this morning saying, look, whether you agree with him or not this is a man who's qualified and he will pass. >> and he's respected on both sides of the aisle. >> and he worked for tip o'neill when tip o'neill was negotiating with ronald reagan and that's an important point. >> he was 20 years old.
" this morning. that notes that obama's new administration looks to be basically all male. there is a concern that women are underrepresented. how would you respond to that criticism? >> well, i would agree with that somewhat. we saw valerie on the front page. within the white house. she's the only senior woman. i have a lot of respect for her. but it would be nice to see more diversity, both in the cabinet and in the white house. so i hope this is something that they've focused on going forward. with that said, you know, you need to look at qualifications, too, and people that the president has confidence in. but i would like to see more women. perhaps in the white house, internally in the white house. >> sheila, are you joining us on a week where major banks are putting even more legacy problems behind them to some degree? varying degrees. we've seen what the stocks have done in the past year. we've seen them leading things like the dow. are you surprised or impressed by their progress? >> well, i'm relieved. i still think there are a lot of challenges ahead. the mega banks stocks continue
. the administrative waste reduction is included in the obama care, but it's -- the implementation is extended, and it's not getting the attention or the push that it really deserves. >> now, a lot of people say that you know what's happening in health care right now is really changing a number of doctors' enthusiasm, willingness to be part of certainly medicare plans, be part of -- they feel that they are not getting paid the way they were. is there a downside there that some top doctors are no longer part of the system? >> well, our plan would actually pay physicians under medicare at 20 20122013 rates, get rid of some of the rates threatened under some of the proposals and freeze them at 20122013 rate and freeze them if physicians participated in high performance health systems or if they performed better than average in terms of quality and efficiency of care. so basically pay them fairly. stop the threats to reducing their fees, but then reward them when they perform well. >> how -- how are you going to police that, that they are performing well? i mean, i understand doing away with some of the e
of diversity in the president's recent picks, for high-level administration posts. president obama chose a trusted insider to replace timothy geithner as treasury secretary. >> under president clinton, he presided over three budget surpluses in a row. so for all the talk out there about deficit reduction, making sure our books are balanced, this is the guy who did it. three times. >> reporter: jack lew, obama's chief of staff and former budget director has been by the president's side through bruising deficit reduction negotiations. but lew is not a darling of wall street or republicans. in bob woodward's "the price of politics," speaker john boehner says he told the president, "please don't send jack lew." during the fragile debt ceiling negotiations of 2011, "it was unbelievable," boehner said. "at one point, i told the president, keep him out of here. i don't need somebody who just knows how to say no." with the lew announcement, all of the president's top picks, state, defense, cia, and treasury are white men. at every briefing this week, reporters have peppered press secretary jay c
in the clinton administration. very experienced washington hand. but the lead candidate, i'm told is dennis mcdona. long time obama aid. he would fit the practice, the pattern that president established of picking people close to him for key jobs. like jack lew, he is a no-drama figure. somebody whose ego is not out front. he gets along with others. >> at one time he broke with that pattern i suspect when he went with bill daly, not a chicagoan but not part of that inner circle here. >> just thei issue of independence. if jack lew were able to deliver fiscal sanity. if you ask guys in the market, what is one thing they want from the market, first order they want to away from the brinksmanship toward the level of sanity. corporate tax reform. and i guess i want to throw out to the group here, does the appointment of jack lew make more likely less likely or have no impact at all on the possibility that we get a little fiscal sanity from washington? because to my measure, that's the real thing that matters to the market. >> i think it is. >> i would say not much impact to the extent there is any.
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